Ranger Bermuda Topco Ltd (NASDAQ:KG) Short Interest Down 56.7% in June

Ranger Bermuda Topco Ltd (NASDAQ:KG) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 67,591 shares, a decrease of 56.7% from the June 15th total of 155,925 shares. Based on an average daily volume of 38,519 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Ranger Bermuda Topco

A hedge fund recently bought a new position in Ranger Bermuda Topco stock. Advisory Services Network LLC purchased a new stake in shares of Ranger Bermuda Topco Ltd (NASDAQ:KG) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 50,793 shares of the company’s stock, valued at approximately $520,000. Advisory Services Network LLC owned approximately 0.66% of Ranger Bermuda Topco at the end of the most recent reporting period. 21.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KG. Weiss Ratings raised shares of Ranger Bermuda Topco from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Wall Street Zen cut shares of Ranger Bermuda Topco from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Ranger Bermuda Topco presently has a consensus rating of “Sell”.

Ranger Bermuda Topco Stock Down 1.2%

NASDAQ:KG traded down $0.12 during mid-day trading on Wednesday, hitting $9.85. 14,861 shares of the company traded hands, compared to its average volume of 16,569. The company has a fifty day moving average of $11.04. Ranger Bermuda Topco has a one year low of $8.07 and a one year high of $31.61. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $77.07 million, a price-to-earnings ratio of 0.88 and a beta of 0.71.

Ranger Bermuda Topco (NASDAQ:KG) last issued its quarterly earnings results on Tuesday, March 31st. The company reported ($1.34) EPS for the quarter. Ranger Bermuda Topco had a negative return on equity of 27.09% and a net margin of 91.44%.The company had revenue of $10.19 million during the quarter.

Ranger Bermuda Topco Company Profile

Kestrel Group Ltd specializes in providing fronting services to insurance program managers, MGAs, reinsurers and reinsurance brokers. Kestrel Group Ltd, formerly known as Maiden Holdings Ltd., is based in DALLAS.